Suburb Profile Report for Ararat VIC (3377)

Ararat House: Median price $203,100, Annual capital growth 3.38%, Number of sales 146, Weekly median advertised rent $250

Ararat Unit: Median price $235,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $185

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Ararat, 3377 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -3.29%.

When looking at the potential capital gains offered to property investors over the last 3 years, Ararat comes in at number 480th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ararat, 3377. Typically our figures indicate that -6.15% is being offered, which puts this VIC suburb at 1769th most discounted overall in Australia.

On average over the past year, suburb has had 12.17 sales per month, which equates to 146 per year.

Situated 189.20km from the CBD, Ararat is one of Ararat localities in the postcode 3377.

The five-year average increase in median property values for Ararat,3377 has given property investors a potential capital gain of -2.59% across each of those five years.

Ararat, 3377’s gross rental yield is 4.09%

Metrics i HOUSE UNIT
$203,100 $235,000
-0.93% N/A
-3.29% N/A
3.38% N/A
$250 $185
146 10
6.40% 4.09%
106.61 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 8076
Median household income ($/weekly) 851
Median age of persons 43
Median housing loan repayment ($/monthly) 1000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 968 12.0
    35-44 years 1036 12.8
    45-54 years 1139 14.1
    55-64 years 1097 13.6
    65-74 years 822 10.2
    Others 3014 37.3
    Age Group
    Census Count Percent(%)
    Registered Married 2668 48.0
    Not Married 2334 42.0
    Defacto Relationship 554 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7020 90.8
    Papua New Guinea 121 1.6
    Philippines 39 0.5
    United Kingdom 197 2.5
    Other 101 1.3
    Others 250 3.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 0.6
    Christianity 4787 68.5
    Hinduism 19 0.3
    Islam 36 0.5
    No Religion 2079 29.8
    Others 25 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 299 10.9
    $400-$599 425 15.5
    $600-$799 392 14.3
    $800-$999 299 10.9
    $1,500-$1,999 279 10.1
    Others 1055 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2900 45.9
    Employed, worked full-time 1962 31.1
    Employed, worked part-time 1092 17.3
    Employed, away from work 226 3.6
    Unemployed, looking for work 136 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 373 11.4
    Professionals 406 12.4
    Technicians & trades workers 454 13.8
    Community & personal service workers 539 16.4
    Labourers 587 17.9
    Others 919 28.0
    Occupation
    Census Count Percent(%)
    Pre-school 129 8.7
    Infants/Primary 603 40.4
    Secondary 494 33.1
    Technical or Further Educational Institution 113 7.6
    University or other Tertiary Institutions 108 7.2
    Others 44 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6682 94.3
    Flat, unit or apartment 244 3.4
    Semi-detached, row or terrace house, townhouse 102 1.4
    House or flat attached to a shop, office 31 0.4
    Caravan, cabin, houseboat 28 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1231 41.6
    Being purchased 941 31.8
    Rented 768 25.9
    Other tenure type 21 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals